MedPlus Health Services
MedPlus Health Services is expanding its pharmacy network, reaching 5,476 stores by June 30 and targeting 800 net additions in FY27 (CNBC-TV18, 23 Jul), but Q1 FY27 EBITDA margin narrowed 140 bps to 7.1% on higher overheads and softer private-label growth (NDTV Profit, 22 Jul). It has paused its diagnostics and concierge pushes (CNBC-TV18, 21 Sept).
What it means Pharmacy rivals face a franchise-led store builder that is concentrating capital on its core retail network.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Footprint: where MedPlus Health Services opened
No opening on record since May 2026; 1 announced plan.
Background
From 6 stories, the newest dated 21 Sept 2026. Summary written 3 Oct 2026. Newer developments are under Latest moves.
MedPlus Health Services is a Hyderabad-based pharmacy retailer. [1] source: CNBC-TV18
Show 3 more paragraphs and 6 sources
It had 5,476 stores across 13 states, 1 union territory and about 850 cities as of June 30, 2026. [2] source: Financial Express Financial Express reported that it expands through clustered company and franchise stores, private labels and diagnostics. [2] source: Financial Express
In Q1 FY27, MedPlus revenue from operations rose 21.8% YoY to Rs 1,880 crore from Rs 1,543 crore, while consolidated net profit fell 21.5% YoY to Rs 33.2 crore. [3] source: NDTV Profit It added 146 stores in the quarter, including 131 franchisee stores. [4] source: CNBC-TV18 Its FY27 target is 800 net store additions, expected to be split 50/50 between company-operated and franchise stores. [2] source: Financial Express Shares fell as much as 17.71% to Rs 653 after the results in July 2026. [3] source: NDTV Profit The company approved Rs 155 crore of capital expenditure in Hyderabad. [3] source: NDTV Profit
In July 2026, MedPlus paused a proposed concierge healthcare and wellness pilot after investor feedback, pending board review. [1] source: CNBC-TV18 NDTV Profit reported that it scaled back staff incentives that had led to aggressive private-label medicine recommendations. [5] source: NDTV Profit In September 2026, CNBC-TV18 reported that it paused its integrated diagnostics rollout after Hyderabad subscriber growth lagged, and shifted to standalone labs in Chennai and Bengaluru costing ₹5 crore-₹6 crore each. [6] source: CNBC-TV18
Sources
Questions about MedPlus Health Services
What are MedPlus Health Services' expansion plans?
MedPlus is targeting 800 net pharmacy store additions in FY27, and in September 2026 it shifted its diagnostics push to standalone labs in Chennai and Bengaluru, at ₹5 crore-₹6 crore of investment each. [6] source: CNBC-TV18[2] source: Financial Express
How many MedPlus Health Services stores are there?
MedPlus had 5,476 stores across 13 states, 1 union territory and about 850 cities as of June 30, 2026. [2] source: Financial Express
How fast is MedPlus Health Services growing in India?
MedPlus reported Q1FY27 revenue of ₹1,879.6 crore, up 21.8% YoY, while its net profit fell to ₹33.2 crore, down 21.7% YoY. [2] source: Financial Express
What is MedPlus Health Services' current strategy in India?
In July 2026, MedPlus paused its concierge healthcare pilot and scaled back staff incentives tied to private-label selling. In September 2026 it paused integrated diagnostics and moved to standalone labs in Chennai and Bengaluru, while keeping its 800-store target. [6] source: CNBC-TV18[1] source: CNBC-TV18[5] source: NDTV Profit